Archive Report
Archive Report
Causes and Effects of Rising Agricultural Prices
Extent of the Increase in Prices
Notable increases In the prices of many agricultural products during recent weeks, coming on the heels of three years of depression, have materially strengthened the position of the American farmer and should have important political and economic effects, if prices continue at or near their July peaks.
The extent of the increases in the prices of wheat, corn, oats and hogs in the Chicago market is shown in the following table, which gives the highs and lows on standard grades at cash sales for the calendar year 1924 to date, and the average prices prevailing during July, 1923.
Wheat | ||||
No. 2 Hard At Chicago | ||||
1924 | High (July) | $1.36 | July average 1923 | $.99 |
Low (Apr.) | 1.04 |